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Attacking One Final Baddie

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Long story short, an illness took me off work for some time and some card payments were prioritized above others. I have since cleaned my credit up save for one lone big bad that will not die off in the form of DSNB/Macy's (CitiBank). Here's the deets:

Date Opened: 11/16/2009

Last Payment Made: 05/06/2015

Date Closed: 04/26/2015

I've inquired about the debt and was told since it's past SOL it's no longer being pursued for collection, just reported monthly as charged off. That charge off reporting is a damper, though. What steps should I take, if any, to remove or rectify it on my reports? I can pay it in full, but is there any hope for it being removed or updated to not reflect so harshly? I appreciate any advice!

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When was the date of your last payment that brought the account current from whence it never again became current?

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3 hours ago, MarvBear said:

When was the date of your last payment that brought the account current from whence it never again became current?

5/6/2015 is what my credit report shows.

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Then why would the account have been closed the prior month if it had not been late?  I am trying to help you establish a time frame that could possibly limit the time until the satute of limitations for reporting kicks in.

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4 hours ago, JakkuScavenger said:

Long story short, an illness took me off work for some time and some card payments were prioritized above others. I have since cleaned my credit up save for one lone big bad that will not die off in the form of DSNB/Macy's (CitiBank). Here's the deets:

Date Opened: 11/16/2009

Last Payment Made: 05/06/2015

Date Closed: 04/26/2015

I've inquired about the debt and was told since it's past SOL it's no longer being pursued for collection, just reported monthly as charged off. That charge off reporting is a damper, though. What steps should I take, if any, to remove or rectify it on my reports? I can pay it in full, but is there any hope for it being removed or updated to not reflect so harshly? I appreciate any advice!

On paper reports from each of the CRAs the date of removal and DOFD should be displayed. Have you obtained paper reports from the big 4?

paper reports from the big four

https://creditboards.com/forums/index.php?/topic/590506-ordering-paper-credit-reports-information-inside/&tab=comments#comment-5623246

 

IDS: https://www.innovis.com/personal/creditReport

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55 minutes ago, hegemony said:

On paper reports from each of the CRAs the date of removal and DOFD should be displayed. Have you obtained paper reports from the big 4?

paper reports from the big four

 

https://creditboards.com/forums/index.php?/topic/590506-ordering-paper-credit-reports-information-inside/&tab=comments#comment-5623246

 

 

 

IDS: https://www.innovis.com/personal/creditReport

 

I apologize, I don't have IDS (yet) but I do have the others if that helps (actual copies). Also, this one has hopped back and forth between CA & OC so I'm not sure if that's where some stuff is lost/inconsistent on the reports.


Experian-

DOFD: 02/2015

shown as 30/60/90/60/90/120 starting from 02/2015 to 07/2015, no data (08/2015), 120 (09/2015), no data (10/2015, 11/2015).

CO from 12/2015

 

Equifax-

DOFD: 01/01/2015

shown as 30/60/90/60/90/120/120 from 02/2015 to 08/2015), no data from 09/2015 to 06/2016

CO from 07/2016

Date First Reported: 07/02/2020

 

Transunion-

DOFD: 02/2015

shown as 30/60/90/60/90/120/120 from 02/2015 to 08/2015, no data from 9/2015 to 11/2015

CO from 12/2015

 

 

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3 hours ago, MarvBear said:

Then why would the account have been closed the prior month if it had not been late?  I am trying to help you establish a time frame that could possibly limit the time until the satute of limitations for reporting kicks in.

Understood, friend. :) I included some further data points in the post above this, if you wouldn't mind giving that a look?

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- With a DOFD of in mid-2015, you're realistically only looking at another 18 months or less of this creating problems.  DOFD + 7 years is typical for how long negative info reports, and sometimes the TL can be encouraged to drop a few months early.  This isn't to discourage you from taking action now, just offering a perspective.

 

- Regardless of what you do with this account, do you have several other open, positive accounts?  If not, create and execute a plan to add quality accounts now so your profile has strength and depth when this is all over (regardless of whether you end up getting immediate or deferred relief).

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